#bankruptcy marketing

[reality-detective]

Is there a crash looming in the horizon? 🤔

[hcnnibal]

ask game: who’s the better story teller? i imagine it’s a1 mister aspiring author and improv comedian

and u would be right!

[just-another-boring-bisexual]

Get yourself a boy that'll take you to an out of town flea market.

[rodspurethoughts]

Bed Bath & Beyond Files for Chapter 11 Bankruptcy, Secures $240 Million Financing for Wind Down

Bed Bath & Beyond Inc. has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code to wind down its businesses while conducting a limited marketing process to solicit interest in one or more sales of its assets. The company has secured approximately $240 million in debtor-in-possession financing to support operations during the Chapter 11 process. While the company has…

[nickgerlich]

Bowls And Cups

Sometimes companies die slowly, the victim not just of old age, but irrelevance, stubbornness, and resistance to change. I have been watching one particular company die a slow, painful death for quite some time now, and yesterday they finally filed for bankruptcy.

Students, ask your parents and grandparents about Tupperware, because the odds are good you have never heard of them, which may help explain their demise. You may, though, still have some of the plastic bowls, cups, and storage containers in your cabinet for which they became famous. Your parents gave them to you when you got your own place.

Tupperware—named for its founder, Earl Tupper—arrived in 1946, and in the post-war era, helped usher in a selling and buying phenomenon known as direct sales. It relied on Tupperware parties held in private homes, organized by an independent sales rep who recruited her friends and acquaintances to host the parties in return for gift items.

I said “her” for a reason, because this was a female thing. Remember the time period. Women were homemakers, and the thinking was that by selling in a relaxed out-of-store atmosphere, they might actually sell more. Turns out Mr. Tupper was right, because there was a lot of implicit peer pressure. It was hard for any woman not to buy something once the first woman placed an order. Shopping fever spread like COVID, at least within the Petri dish of that party.

Imagine having to buy your homeware items in this manner today. It’s a non-starter. Even though the business model was copied by other companies selling ladies’ lingerie, cookware, candles, and the like, the thought of product-centric parties usually gets a hard no from people. Besides, who has time for this kind of stuff anyway? You’d have to do a deep cleaning to make your place presentable, and then provide snacks and refreshments. And the mere thought of allowing strangers into your living room—that is, other friends and acquaintances of the party organizer—is a definite no.

That’s where Tupperware went wrong. It insisted its business model was sound long after it lost its luster, and was very slow to adopt e-commerce as well as distribution through retailers. If fire is a metaphor, it waited until the brand was practically destroyed before calling in the fire brigade.

Then there’s all that plastic. During Tupperware’s rise to ascendancy, plastic was viewed as a miracle product, one that could be used in myriad ways. Oil was deemed plentiful if not infinite, and no one knew of any health concerns. Today, there is a growing preference for glass bowls and containers, even if they are more expensive and prone to breakage. Take that, petro chemicals.

While Tupperware still has more than 5000 employees and 465,000 independent sales reps around the world, it is struggling financially, unable to address its debts. Factor in a slew of competitors who have earned their shelf space with cheaper products, as well as glass, and you have the recipe for disaster.

What remains is how Tupperware will proceed. Bankruptcy is basically a stalling procedure, at least for a while, as a company tries to reorganize. Will they liquidate and turn out the lights? Seek an infusion of investor capital? Pursue a loan at a time when they are a high risk borrower? Or sell to someone with other plans?

Stay tuned, but from my perch, I don’t see this brand sticking around much longer. Even its stream of brand equity has nearly run dry, a couple of younger generations with little or no familiarity with the products. And all because they refused to accept that things—many things—had changed.

Remember, Change takes no prisoners. It digs holes to bury its victims.

Dr “Put A Lid On It” Gerlich

Audio Blog

[awesome-casuallyfamouscollector]

Ram, Dodge, Jeep & Chrysler Can't Sell ANYTHING | MAJOR LAWSUIT

P.S. There is no demand for badly overpriced SUVs and trucks with expensive maintenance and low efficiency in Europe as well...! Actually, car market is price sensitive. The managers of the car manufacturing companies and the big investors should have known that enjoying the big profit margins with overpriced cars that are not in demand in the car market will end badly for their companies and investments...!?

[johncavitthouston]

John Mark Cavitt Houston offers a concise guide to navigating the complexities of bankruptcy law. Providing expert insights, this resource outlines the key differences between Chapter 7 and Chapter 13 bankruptcy, helping individuals make informed decisions about their financial future.

[hislop3]

Sign of the Times: Petersen Health Care Files for Bankruptcy

Mid last week, Petersen Health Care, a Peoria, IL based nursing home operator filed for bankruptcy in Delaware. SC Healthcare Holdings LLC, which operates as Petersen Health Care, in federal court filings last Wednesday said it is seeking Chapter 11 bankruptcy protection because of ongoing financial problems partly due to an October ransomware attack and disruptions in payments from payers…

[immaculatasknight]

Missing something?

[cryptoinfowatch]

FTX Creditors Cry Foul Over "Disastrously Low" Asset Valuations

New York, NY – December 29, 2023 – A December 27 court filing revealed a potential flashpoint in the ongoing FTX bankruptcy saga. According to the filing, the now-defunct exchange is seeking court approval to estimate its customers’ digital asset claims based on their value on the date of FTX’s collapse, November 11, 2022. This proposal assigns prices of $16,871 for Bitcoin, $1,258 for Ethereum,…

[nerdjourney]

Once you achieve some success as a business owner, how do you scale the company? For entrepreneur and business owner Al Elliott, it was about learning marketing skills.

We also only see people's successes and forget that they made multiple attempts that did not work when trying to achieve something. What are you iterating on and willing to fail at so that you will eventually succeed?

[lilliankillthisman]

i PROMISE the Chinese real estate industry slowdown is not a western propaganda campaign to disguise the triumph of the chinese communist housing model. The CCP and Bloomberg are on the exact same page on this one! If your state banks and regional governments and consumer investment groups are invested to the hilt in the property market then a collapse in prices is not a win, it's genuinely really bad.

If you're a communist you don't even need to feel bad about this! The Chinese real estate industry is not the ideologically pure housebuilding machine you're looking for; a crisis after unsustainable growth driven by profit-seeking investment and debt is something you should be pointing at as criticism of the capitalist model, not defending because it happened under a government with communist in the name.

[gratefulnuts]

Attention Eugene and Springfield Homeowners: We're Interested in Buying Your Home! Do you have a home you'd like to sell, for any reason? Inherited a house, looking to downsize or upsize, facing over-financing, lacking equity, or perhaps you're moving for a new job opportunity? Whatever your circumstance may be, if you have a home you're looking to sell without the hassle and time-consuming process of listing it, we can assist you. Great news - we're not real estate agents, we're home buyers. Our specialty is buying homes directly from owners like you. We make fair, reasonable offers, cover all closing costs, close deals quickly, and ensure a smooth transaction so you can move on with your life. No listing, no time-consuming showings, no hefty real estate agent fees - just a straightforward sale. Call us now for a free, no-obligation consultation at 541-554-4633, or visit our website gratefulnutshomes.com to discover how we can make selling your home an effortless process.

[if-you-fan-a-fire]

“ACCESS IS REFUSED TO BROKERS' BOOKS,” The Province (Vancouver). March 7, 1931. Page 1. ---- Discovery of books and documents, in addition to what had already been made on affidavit by the defendant, Solloway, Mills & Co. Ltd., in an action at the suit of W. H. Maskee, Vancouver, claimant for $37,000, was refused in Supreme Court by Mr. Justice Fisher.

Dismissal of plaintiff's application was based by his lordship on the premise that the records sought are not in the possession of the defendant, but are held by Mark Cosgrove, "duly authorized representative of the attorney-general of British Columbia." Under the circumstances, the judge concluded that he should not make the order.

Mr. G. L. Fraser appeared for plaintiff, and Mr. Gordon Sloan for defendant.

[hislop3]

Record Bankruptcies in Health Care in 2023

As the economy continued to struggle through a high inflationary cycle with restrictive Federal Reserve policy in-place to curb inflation, providers struggled to stay afloat in the turbulent economic waters. Significant financial headwinds in 2023 have only modestly abated at the start of 2024. Labor supply issues (shortages) of direct care staff (other disciplines as well) has driven…

[crypto101bylauriesuarez]

The Rise and Fall of FTX

A Rollercoaster Journey in the World of Cryptocurrency In the fast-paced world of cryptocurrencies, where fortunes are made and lost overnight, FTX emerged as a rising star, captivating the attention of traders and investors alike. FTX, founded in 2017 by Sam Bankman-Fried and Gary Wang, was envisioned as a platform that would bridge the gap between traditional financial markets and the…